CNBC Pro

Here are the highlights of David Einhorn's latest letter and his biggest winning positions

Share
David Einhorn
Andrew Harrer | Bloomberg | Getty Images

David Einhorn's Greenlight Capital posted a flat quarter following its best three-month period ever at the end of 2020.

In a letter to investors obtained by CNBC, the hedge fund manager broke down his biggest winners in the first quarter and the reasons for the mediocre performance.

The Greenlight Capital funds lost 0.1% from January to March, compared to a 6.2% return for the S&P 500, the hedge fund said in the letter.

Einhorn also detailed his outlook for inflation, economic recovery as well as the retail trading mania earlier in the year that in part led to his underperformance. Here are the highlights from the letter.

More In Follow the Pros

CNBC ProThe generational theory espoused by Tom Lee and Cathie Wood that could drive the bull market
CNBC ProValue manager John Rogers says investors can get these overlooked stocks at a big discount
watch now
VIDEO03:46
CNBC ProGeneral Motors, General Electric and Rocket Companies— Halftime traders weigh on buys and sells